Allen Konstam, Mark Drachman & Ira Chaimovits Acquire Hollywood Package Deal For $8M
1907 North Surf Road, Hollywood, Florida 33019, United States
$3,700,000
$362/SF
Building Size
10,200 SF
Asset Type
—
Closing
Mar 17, 2022
AI
1907 N Surf Rd, located in Hollywood, was recently sold in a package deal. The property, spanning 10,200 square feet, was sold for a total of $8,000,000, resulting in a price per square foot of $784. The transaction took place on 03/15/2022.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $8,000,000
- Square Footage: 10,200
- Market: Hollywood
The buyers of the property were Allen Konstam, Mark Drachman, and Ira Chaimovits, who were represented by Condra Property Group. They successfully completed the package deal, acquiring the property for their investment portfolio. The transaction was facilitated by Mark Drachman, Allen Konstam, and Ira Chaimovits.
Players
Hollywood CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93